Adam White will step down as president of Bakkt, a digital asset management service that trades in futures and options on BTC.
In 2018, White left Coinbase and became the founder and CEO of Bakkt. He made a huge contribution to the development of society, but for unknown reasons he decided to retire. The top manager did not talk about his plans, so it remains a mystery in what area he will operate.
I enjoyed working at the crossroads of cryptocurrency and the stock market, and I am glad that the industry is finding a balance between innovation and regulation. We have a lot of work to do, but I have never been so optimistic about the future.
Bakkt was listed this year on the New York Stock Exchange. In October, the company’s shares flew 609% on ATH to $ 56.48. After that, however, a bearish trend appeared on the market and the share price fell by 82% (to USD 10.06).
The upward trend was driven by Bakkt’s partnership with Mastercard and financial services provider Fiserv. The opposite trend began after the organization allowed investors to sell 330 million securities and many of them took advantage of the opportunity.